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Korean duty-free stores newly opened in Seoul are losing money as heavy marketing costs erode profits. A review of financial documents from the major players show heavy competition is taking its toll on all players. Five duty-frees stores opened new shops in…
Galleria Duty Free 63 has been officially opened – and it’s offering more than just duty free products. The new duty free store, located in Seoul’s iconic 63 Building, is operated by Hanwha Galleria, a subsidiary of Hanwha Group. Since its ‘Free Opening’ last…
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